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The market for physiotherapist visits is shown in the accompanyingdiagram.Thecurrentequilibriumpriceis $30 and the equilibrium quantity is 150 visits. The healthcare authorities are concerned that the
- The market for physiotherapist visits is shown in the accompanyingdiagram.Thecurrentequilibriumpriceis $30 and the equilibrium quantity is 150 visits. The healthcare authorities are concerned that the price is too high and so have proposed lowering the price to $10 per visit. They contend that at a lower price more people will get to use these services. Predict the effect on quantities demanded and supplied and on quantity of services actually utilized as a result of such an intervention.
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
